GMX, the decentralized spot and perpetual exchange, has reportedly sold 10,000 ETH for 29.59 million USDT. According to blockchain analytics firm EmberCN, the transaction occurred seven hours ago and is widely believed to be a move to reimburse users affected by a recent security breach. This follows an earlier return of funds by the GMX hacker, who sent back 10.49 million FRAX and another 10,000 ETH to the project's control. These actions suggest a concerted effort to mitigate the impact of the hack and restore user confidence in the platform. The sale of ETH likely provides the necessary liquidity to cover losses incurred by users during the exploit. Further details regarding the exact nature of the hack and the distribution of funds are expected from the GMX team. ```

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